Beacon Chain block 107796

Hash

96c1b81bbe8e634124e83b71d64c4c8d1104f111e9f1842af2e5b0af9cf97d6f5...

25 Mar 2022 14:20:59 UTC (2 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.